SEC Exceeds Authority with Hedge Fund Rule – US Appeals Court
A US Appeals Court invalidated a Securities and Exchange Commission (SEC) rule involving hedge funds and private equity firms, saying it exceeded its congressional authority. The case rebukes the regulator’s assertion of congressional authority over the sector. In recent years, vocal detractors of the regulator in the crypto industry have also expressed comparable criticism. On […]
Forcount Ponzi Promoter Pleads Guilty to Wire Fraud Conspiracy
One of the top promoters of the Forcount crypto Ponzi scheme, Juan Tacuri, has pleaded guilty to a conspiracy to commit wire fraud charge in New York. The United States Attorney’s Office in the Southern District of New York stated on June 5 that Juan Tacuri was the driving force behind the “Ponzi” scheme, which […]
Fidelity Bitcoin ETF FBTC Gains $0.5 Billion in Two Days
Fidelity’s Bitcoin ETF FBTC dominates the market with $221 million in single-day inflows, contributing to over $9.5 billion in AUM. Spot Bitcoin ETFs in the United States have resumed large inflows, as the Bitcoin price has just risen beyond $71,000. Fidelity’s FBTC continued to dominate the market, with the total Bitcoin ETF inflows at nearly […]
McDonald’s Metaverse ‘My Happy Place’ Launches in Singapore
American fast food chain McDonald’s has introduced the “My Happy Place” metaverse in Singapore for residents to build virtual burgers andplay various games. McDonald’s Singapore collaborated with Bandwagon Labs, the metaverse division of entertainment media technology company Bandwagon, to develop an in-app virtual world for its consumers. Clarence Chan, the founder of Bandwagon Labs, emphasized […]
Cardano Foundation Partners with Argentina, ADA Price To $0.5?
The recent partnership between the Cardano Foundation and a regional government in Argentina could drive the next ADA surge. The Cardano Foundation has disclosed its latest collaboration in Argentina. This most recent development is a significant milestone for the nation, which has recently undertaken a pivot to improve its cryptocurrency sector. Cardano Foundation in Partnership […]